GetThere Inc. (Nasdaq: GTHR) soared 5 1/16 to 17 3/16 Monday after Sabre Holdings Corp. (NYSE: TSG) said it would buy the company for $757 million.
The company will be combined with Sabre’s business travel division and will operate under the GetThere name. Headquarters will be in Menlo Park, California, where GetThere is currently based.
GetThere chairman Gadi Maier will be president of the combined company. The deal, which has been approved by GetThere’s board, is scheduled to be completed in the fourth quarter.